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ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />ELECTRIC BALANCE SHEET
<br />Current Month
<br />Change from
<br />October 31, 2022
<br />September 30, 2022
<br />Prior Month
<br />ASSETS
<br />CURRENT ASSETS
<br />CASH
<br />10,677,649
<br />9,820,820
<br />856,829
<br />ACCOUNTS RECEIVABLE
<br />3,802,239
<br />5,337,650
<br />(1,535,411)
<br />INVENTORIES
<br />1,210,235
<br />1,237,863
<br />(27,629)
<br />PREPAID ITEMS
<br />249,079
<br />208,828
<br />40,251
<br />CONSTRUCTION IN PROGRESS
<br />12,304,449
<br />12,322,884
<br />(18,436)
<br />TOTAL CURRENT ASSETS
<br />28,243,650
<br />28,928,045
<br />(684,395)
<br />RESTRICTED ASSETS
<br />BOND RESERVE FUND
<br />1,779,016
<br />1,779,016
<br />0
<br />EMERGENCY RESERVE FUND
<br />2,871,258
<br />2,866,473
<br />4,785
<br />TOTAL RESTRICTED ASSETS
<br />4,650,274
<br />4,645,489
<br />4,785
<br />FIXED ASSETS
<br />PRODUCTION
<br />788,807
<br />788,761
<br />46
<br />LEG PROJECT
<br />3,851,442
<br />3,851,442
<br />0
<br />TRANSMISSION
<br />2,305,024
<br />2,305,024
<br />0
<br />DISTRIBUTION
<br />45,972,447
<br />45,784,048
<br />188,399
<br />GENERAL
<br />12,004,715
<br />11,953,834
<br />50,881
<br />FIXED ASSETS (COST)
<br />64,922,435
<br />64,683,109
<br />239,326
<br />LESS ACCUMULATED DEPRECIATION
<br />(35,573,555)
<br />(35,343,076)
<br />(230,480)
<br />TOTAL FIXED ASSETS, NET
<br />29,348,880
<br />29,340,034
<br />8,846
<br />INTANGIBLE ASSETS
<br />POWER AGENCY MEMBERSHIP BUY -IN
<br />21,546,212
<br />21,546,212
<br />0
<br />LOSS OF REVENUE INTANGIBLE
<br />4,349,653
<br />4,349,653
<br />0
<br />LESS ACCUMULATED AMORTIZATION
<br />(2,727,068)
<br />(2,671,390)
<br />(55,678)
<br />TOTAL INTANGIBLE ASSETS, NET
<br />23,168,797
<br />23,224,475
<br />(55,678)
<br />OTHER ASSETS AND DEFERRED OUTFLOWS
<br />1,431,143
<br />1,431,143
<br />0
<br />TOTAL ASSETS
<br />86,842,744
<br />87,569,185
<br />(726,441)
<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br />ACCOUNTS PAYABLE
<br />4,155,121
<br />5,267,999
<br />(1,112,878)
<br />SALARIES AND BENEFITS PAYABLE
<br />571,706
<br />548,359
<br />23,347
<br />DUE TO CITY
<br />910,410
<br />880,559
<br />29,851
<br />NOTES PAYABLE -CURRENT PORTION
<br />0
<br />52,281
<br />(52,281)
<br />UNEARNED REVENUE
<br />1,731
<br />2,597
<br />(866)
<br />TOTAL CURRENT LIABILITIES
<br />5,638,968
<br />6,751,795
<br />(1,112,827)
<br />LONG TERM LIABILITIES
<br />DUE TO CITY
<br />90,720
<br />90,720
<br />0
<br />BONDS PAYABLE, LESS CURRENT PORTION
<br />30,200,101
<br />30,205,090
<br />(4,989)
<br />PENSION LIABILITIES
<br />1,978,758
<br />1,978,758
<br />0
<br />TOTAL LONG TERM LIABILITIES
<br />32,269,579
<br />32,274,568
<br />(4,989)
<br />TOTAL LIABILITIES
<br />37,908,547
<br />39,026,363
<br />(1,117,815)
<br />DEFERRED INFLOWS OF RESOURCES
<br />1,818,303
<br />1,818,303
<br />0
<br />FUND EQUITY
<br />CAPITAL ACCOUNT CONST COST
<br />1,779,016
<br />1,779,016
<br />0
<br />RETAINED EARNINGS
<br />45,088,631
<br />45,088,631
<br />0
<br />NET INCOME (LOSS) (THROUGH PREVIOUS MONTH)
<br />248,247
<br />(143,127)
<br />391,374
<br />TOTAL FUND EQUITY
<br />47,115,894
<br />46,724,519
<br />391,374
<br />TOTAL LIABILITIES & FUND EQUITY
<br />86,842,744
<br />87,569,185
<br />(726,441)
<br />
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